Redfin Housing Demand Index Posted Slight Decline from March to April Amid Ongoing Inventory Crunch

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The Redfin Housing Demand Index fell 1.3 percent month over month to 106 in April, the third consecutive month of declines. The Demand Index is based on thousands of Redfin customers requesting home tours and writing offers. The Demand Index is adjusted for Redfin’s market share growth. A level of 100 represents the historical average for the three-year period from … Read More

Denver Joins Seattle and San Francisco as a Tech Hub with More People Looking to Move Out than Move In

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In the first three months of 2018, Denver posted a “net outflow” of Redfin users for the first time, meaning that more Denver-based Redfin users were searching for homes in other metro areas than Redfin users elsewhere looking to move in. Of all Denverites using Redfin, 20 percent were searching for homes in another metro, up from 15 percent during … Read More

Here Are the Top 10 Cities for Drinking Cider

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Hard cider is quickly becoming the most popular drink in many cities across the U.S. – and it’s easy to see why. With a rich history dating back to the British colonists, who drank cider more than ale, and a huge variety of customized brews available, it’s a crisp, refreshing drink that’s enhanced by the addition of other fruits (like … Read More

Homes Sold Faster Than Ever in April; Prices Rose 7.6%

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  The national median home sale price increased 7.6 percent in April from a year ago, to a median of $302,200. This is the first time the national median home price has surpassed the $300,000 mark across the 174 markets that Redfin tracks. While April posted solid growth in home sales, up 5.2 percent from last year, home sales from … Read More

The 10 Best Cities for Accessible Living

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With Global Accessibility Awareness Day this month, we took a look at the most accessible cities throughout the country. The Social Security Administration estimates that one in five Americans is living with a disability, which can pose a specific set of challenges during everyday life. Although legislation exists that requires accessibility in public housing like hotels and university dorm rooms, the … Read More

Minneapolis, Portland and Chicago are the Most Bikeable Cities of 2018

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Minneapolis, Portland and Chicago are 2018’s best cities for cycling according to the updated Bike Score® rankings by Redfin. Bike Score , a tool by Redfin company Walk Score®, rates locations based on several factors including access to bike lanes, as well as road connectivity and hilliness. With the latest rankings, Bike Score ratings have been added to 1,831 new … Read More

Einstein’s Happiest Thought

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Redfin CEO Glenn Kelman published the below on Linkedin  on April 27, 2018. A week ago, the LinkedIn editors asked me to respond to this question and one other  for an email newsletter called the Weekly Rundown: In your opinion, is it better to have a professional specialty or to be a ‘Jack of all trades’ within your field? Is it wise/necessary … Read More

The 10 Most Desired Tiny Homes on the Market Right Now

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As the housing market gets more and more competitive , prospective home buyers seeking affordable housing are having to make sacrifices. For some, it means cutting square footage and embracing a more minimalist lifestyle. The tiny home trend emerged in 2008 when the subprime mortgage crisis took hold and many homeowners were forced to downsize. Since then, the hype has … Read More

The Once and Future King

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Redfin CEO Glenn Kelman published the below on Linkedin  on April 20, 2018. The LinkedIn editors asked me to respond to this question for an email newsletter called the Weekly Rundown: Why do recruiters and hiring managers almost everywhere ask for years of experience in a certain job field or industry and overlook the overall work experience, volunteer experience and life … Read More

March Home Prices Up 8.9%, the Biggest Increase in Four Years

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The median home sale price increased 8.9 percent in March from a year ago, the highest price growth in four years. The median home sale price in March was $297,000 in the 174 markets that Redfin tracks. The lack of homes for sale, down 11.9 percent year over year, continued to constrain sales, which declined 3.7 percent. The number of … Read More